How do I define signing privileges on the company account? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How do I define signing privileges on the company account?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Individual or joint signatures and authorization limits can be defined according to company documents and the bank's template.

Steps

  1. Design authorizations to minimize the risk of error and fraud.

  2. Verbal authorization is insufficient.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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